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"It is the responsibility of the people of Mississippi to try to raise the level - economically, educationally, spiritually and otherwise - of all the people of Mississippi. There's nobody else who's going to come in here and do it for us."
Spoken in 1982 by our founder, the late George McLean, these words continue to be the guiding force for CREATE Foundation. As Northeast Mississippi’s community foundation, we strive to meet the high standards set by George and Anna Keirsey McLean and improve the quality of life in our region. Read more of Mr. McLean's own words from the Charter Meeting of CREATE.
Click on the State of the Region Reports tab to download copies of the annual State of the Region report, a compilation of statistics evaluating our sixteen-county region. County-specific reports are also available for each of the 16 individual counties.
As of January 1, 2008, retirement assets may become a preferred charitable gift for seniors. IRA distributions to charity can now receive new tax advantages. Americans age 70½ and up can make tax-free IRA contributions to public charities such as your community foundation. This provision is time-limited. It will not apply to any distribution made in taxable years beginning after December 31, 2009.
The Tax Extenders and Alternate Minimum Tax Relief Act of 2008 permits individuals to transfer up to $100,000 from individual retirement accounts directly to a qualifying charity without recognizing the assets transferred as income for federal tax purposes. In tax years beginning after December 31, 2007, a donor who has reached age 70½ is now allowed to exclude from his or her income tax calculations certain IRA withdrawals. In most circumstances, these charitable contributions are not tax deductible unless the retirement accounts were funded with after-tax dollars.
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